This is part of an article that'll be in 'The Oz' print edition on Thursday 23 November 2023:
(the editor has even allowed the comment about Joyce selling shares to be printed. IIRC, a similar comment by QAN SH Mr Maxworthy at the AGM saw the Chairman, Mr Goyder, order that the SH's microphone be turned off):Qantas staff fume at prospect of an extra $6.1m bonus for Alan Joyce
Senior reporter- 8:50PM November 22, 2023
"...Qantas staff have become increasingly furious that former Qantas chief executive Alan Joyce is in line for a further $6.1m pay cheque under so-called long-term incentive bonuses – on top of the $21.4m he’s already gearing up to receive.
The former boss of the nation’s biggest airline will leave with more than $28m, taking his total tally to more than $150m for 15 years in the captain’s seat.
During this period, the airline cut a quarter of its staff and was found to have illegally fired 1700 of them
“It just became all about the money for Alan,” said one very senior former Qantas executive of his peer’s motivations. “I still can’t believe how much he changed as a person.”
To put it in perspective, Qantas paid $1.3bn in dividends over the 15-year period, meaning Mr Joyce has pocketed 12 per cent of the overall payout tally for himself.
Qantas has suffered an unprecedented breakdown in reputation over the past two years following a litany of failures including cancelled and late flights, difficult-to-use credits vouchers, lost bags, illegally firing staff and allegedly selling tickets on already cancelled services. To top it all off, the board approved Mr Joyce selling $17m of shares when he knew (but the market didn’t) that the airline was being investigated..."
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